Acciona and Tuto Energy, who each own a 50% stake in the 404MW Puerto Libertad solar project in Sonora, Mexico, have signed a financing agreement for the project of up to US$264 million with four banks.
San Francisco-headquartered financial services provider Wells Fargo & Company has said it will provide more than US$100 billion in financing to clean technology and renewable energy transactions by 2030.
Private equity asset manager Apis Partners and its partners will provide US$60 million in funding for Greenlight Planet — a provider of off-grid solar products and financing to underserved rural populations across Africa and Asia.
A subsidiary of Reliance Capital, part of major Indian conglomerate Reliance Group, has signed an agreement to obtain INR3 billion (US$46 million) in funding from the Indian Renewable Energy Development Agency (IREDA) for lending to renewables and energy efficiency projects.
The European Investment Bank (EIB) has entered a new partnership with the International Solar Alliance and confirmed plans to provide €800 million in financing for small-scale renewable energy project investment across India.
A 50MW grid-tied solar PV plant in Nigeria’s Kaduna state has been selected as one of the winners for financing under Access Power’s Access Co-Development Facility (ACF) fund – the first crowdsourcing origination platform of its kind that provides funding to local developers.